Petrobras negotiates oil refinery sale with Mubadala

Petrobras negotiates oil refinery sale with Mubadala

Corporate & Sovereign Strategy M&A Regions Brazil Canada Middle East US Latin America Equity

Brazilian state-owned oil company Petrobras said late Thursday it has started negotiations with Mubadala to acquire the Landulpho Alves Refinery (RLAM) in Bahia after it submitted the best bid and almost two years after LatinFinance first revealed Abu Dhabi's sovereign wealth fund’s interest in the asset. "After the negotiations conclusion with the first place, there is still the possibility of a new round of binding proposals with the participants classified for this phase, depending on the ter

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